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Business & Finance

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An image of the Principle Power floating wind technology
Business & Finance

Aker Offshore Wind Eyes New Areas and Scotland’s Oil & Gas Electrification Tender

Aker Offshore Wind is looking at the Scottish oil & gas electrification tender as one of the opportunities for bidding and is also eyeing France, Germany, Ireland, Italy, Spain, and Vietnam as further prospective markets, according to the company’s latest presentation on annual results. Aker Offshor

about 4 years ago
OWC Vasilis
Business & Finance

OWC Opens Office in Greece, Eyes Offshore Wind Opportunities

International renewables consultancy OWC has opened an office in Athens, Greece, to support the growth of the local renewable energy market. In particular, OWC’s new office will cover offshore and onshore wind, grid connections, solar PV, and energy storage. The new office will be headed by Vasilis

about 4 years ago
Seagreen cable pulling
Business & Finance

Nexans, SSE Gauging Potential Effect on Seagreen Project After Roadbridge Went into Receivership

After civil engineering company Roadbridge was placed into receivership last week, the developer of the Seagreen offshore wind farm and its Tier 1 supplier for onshore cable works, SSE Renewables and Nexans, are now working to identify if and how this would affect the project and on potential mitiga

about 4 years ago
Ampelmann Supplies Electric Gangway for Olympic Orion
Business & Finance

Ampelmann Supplies Electric Gangway for Olympic Orion

Dutch offshore access provider Ampelmann has sold the first W-type gangway to offshore shipping company Olympic Subsea ASA. The new motion compensation system will be permanently fixed on Olympic Orion in 2023 when the vessel is expected to be converted from a multi-purpose support vessel (MPSV) int

about 4 years ago
MunmuBaram
Business & Finance

Shell Making Further Floating Offshore Wind Moves in South Korea

Shell Gas & Power Developments B.V. has signed a memorandum of understanding (MoU) with power generation company Korea Southern Power Co., Ltd (KOSPO) to drive Shell’s floating offshore wind and renewable energy ambition in South Korea. Under the MoU, the two energy companies will explore collaborat

about 4 years ago
Balmoral Comtec Follows Offshore Wind to Montrose Port
Business & Finance

Balmoral Comtec Follows Offshore Wind to Montrose Port

Aberdeen-based Balmoral Comtec will invest in a composites manufacturing facility on the quayside at Montrose Port where large scale components for the offshore wind sector will be built. “We already provide cable protection and buoyancy solutions to the offshore wind sector and this investment will

about 4 years ago
Illustration; Principle Power's floating wind turbine installed on Portuguese coast
Business & Finance

Aker Offshore Wind, Mainstream Renewable Power Take 50 Pct Stake in Japanese Floating Project

Aker Offshore Wind and Mainstream Renewable Power have closed the transaction on acquiring a 50 per cent ownership stake in Progression Energy’s 800 MW floating wind project in Japan. The two companies’ entrance into the project was announced in August 2021, when Aker Offshore Wind and Mainstream Re

about 4 years ago
ScotWind Winners Asked to File Formal Assurances on No Ties with Russia
Business & Finance

ScotWind Winners Asked to File Formal Assurances on No Ties with Russia

Crown Estate Scotland has requested the winners of the ScotWind offshore wind auction to submit formal, written assurances that they will adhere, at all times, to the relevant sanctions imposed on Russia. “Crown Estate Scotland is committed to taking all appropriate action to not support trade and i

about 4 years ago
Boskalis Receives Takeover Offer, Company Valued at EUR 4.2 Billion
Business & Finance

Boskalis Receives Takeover Offer, Company Valued at EUR 4.2 Billion

The Curaçao-based international holding company, HAL Holding, has announced an intended all-cash voluntary public offer of EUR 32.50 per ordinary share for all issued ordinary shares in the capital of Royal Boskalis Westminster N.V. HAL has been a shareholder of Boskalis since 1989 and currently hol

about 4 years ago
ScotWind Leasing Applicants Get Final Technical Update
Business & Finance

The Crown Estate Progresses Celtic Sea Floating Wind Leasing Consultation

The Crown Estate has completed the second phase of its ongoing engagement with the market and stakeholders on plans for up to 4 GW of floating wind leasing in the Celtic Sea. Last month, the Crown Estate held a stakeholder workshop and reopened the market engagement, with the latter reaffirming “the

about 4 years ago
A photo of a RWE offshore wind farm
Business & Finance

RWE, National Grid Name Their US Joint Venture ‘Community Offshore Wind’

After jointly winning the biggest site in the New York Bight offshore lease auction last month, RWE Renewables and National Grid have now officially named their joint venture Community Offshore Wind. Accompanied by a tagline “Local clean energy for all”, the name will reflect the benefits the joint

about 4 years ago
Shell and ScottishPower Set Up Multi-Million Offshore Wind Supply Chain Funds
Business & Finance

Shell and ScottishPower Set Up Multi-Million Offshore Wind Supply Chain Funds

ScotWind partners ScottishPower and Shell are set to invest a total of GBP 75 million to help the supply chain and businesses support the growth of the offshore wind industry in Scotland. ScottishPower and Shell were awarded the seabed rights to develop three new offshore wind projects with a combin

about 4 years ago
IKM K&L
Business & Finance

New Offshore Wind O&M Company Emerges in Norway

Norway-based Akastor ASA and IKM Industrial Group have joined forces to launch an operations & maintenance (O&M) company targetting developers, operators, sub-suppliers, and owners of offshore renewables infrastructure, including offshore wind farms. The company, named Føn Energy Services, will prov

about 4 years ago
Vestas Joins 9 GW Floating Offshore Wind Project in South Korea
Business & Finance

Vestas Joins 9 GW Floating Offshore Wind Project in South Korea

Danish wind turbine manufacturer Vestas has signed a Memorandum of Understanding (MoU) with Ulsan City, Ulsan Port Authority, and Sejin Heavy Industries & Construction to cooperate on Ulsan’s plan to develop a 9 GW floating offshore wind complex by 2030. According to the MoU, Ulsan City, Sejin Heavy

about 4 years ago
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